could anyone make this indi to MTF ?
Thank you very much
You might want to know
This is the famous "indicator for selfdeceiving" (as it says in the third line, ciril font, russian language)
It heavily repaints, in fact it repaints so much that it is ... well, useless.
Hope that this saved you some time
MTF Absolute Stregth Histogram with Signals
Hi all there.
You will find the Histogram version of MTF Absolute Strength with signals onto the zero line.
The meaning of the colors is:
Blue = Strongth Up
DodgerBlue = Up Correction
Red = Strongth Down
Indian Red = Down Correction
White = No Trade (There are no interest of bulls and bears)
Gold = Two Forces are Interested (There are interest of bulls and bears at the same time, but usually one of them is more strong and finally it take the domain of the market)
Like any other indicator, it needs practice and observation to obtain from it the best results.
I would like to give the thanks to fxbs for its reviews in order to obtain the final indicator. And also, I would like to give the thanks to igorad (from TrendLaboratory), for allow us to have its free version of Absolute Strength.
Your indicator doesn't show on the chart at all, just empty separate window. Can you fix it somehow? What are you using MetaTrade build 206 or 207?
hi, NY, Erdenmensch!
this indi -MTF_AbsoluteStrength_v1DHs-1.mq4 - developement of previous https://www.mql5.com/en/forum/173574/page53 posts797,798
Cattus worked at and add signals according to IgorAd and Newdigital rules to jercydevil's Bulls/Bears histo.
Ind. based on AbsoluteStrength_v1DH and AbsoluteStrength_v1.1
Same old story: it calls and need metioned indis (exact name) to be installed
if someone would like to make it standalone indi - they are very welcome!
RMI and MTF_RMI
Attached are the RMI and The MTF_RMI.
Thank you to everyone who helped. Credits in the code.
For those who are not aware, I use RMI instead of RSI because the visual trend is much smoother than RSI. I get less false signals here compared to many other indicators. Or should I say, I get better signals for my entry and exit triggers.
and also RMI version By Linuxer:
//| Relative Momentum Index.mq4 |
//| Original indicator by davinviproject |
//| Modified and Corrected by Linuxser for forex TSD |
//| Relative Momentum Index (RMI) |
//| Overview |
//| The Relative Momentum Index (RMI) was developed by Roger Altman. |
//| It was first introduced in the February 1993 issue of Technical |
//| Analysis of Stocks & Commodities magazine. |
//| The RMI is a variation of the RSI indicator. The RMI counts up and|
//| down days from the close relative to the close x-days ago (where x|
//| is not limited to 1 as is required by the RSI) instead of counting|
//| up and down days from close to close as the RSI does. |
//| Note that an RMI with parameters of C, 14, 1 is equivalent to a 14|
//| period RSI of the Close price. This is because the momentum |
//|parameter is calculating only a 1-day price change (which the RSI |
//|does by (default). |
//|As the momentum periods are increased the RMI fluctuations become |
//| Since the RMI is an oscillator it exhibits the same strengths and |
//| weaknesses of other overbought / oversold indicators. |
//|During strong trending markets it is likely that the RMI will |
//|remain at overbought or oversold levels for an extended period of |
//|However, during non-trending markets the RMI tends to oscillate more
//|predictably between an overbought level of 70 to 90 and an oversold|
//|level of 10 to 30. |
more: dynamic RSI thread(s) and aRSIOMA (RSI Of MA(not MA of RSI) by Kalenzo) thread
Thanks for your help!
Hi again fxbs
fxbs, thanks for the suggestion to delete the indi. my computer is not slow and heavy anymore.
like usual, i need your help again...
i can't find an indi like Lava used in this picture...
i guess it's very interesting.
would you tell me where i can download that indi... ?